France April preliminary CPI +2.2% vs +2.2% y/y expected

  • Latest data released by INSEE - 30 April 2024
FRCPI
  • Prior +2.3%
  • HICP +2.4% vs +2.2% y/y expected
  • Prior +2.4%

Headline annual inflation eases further in France, closing in on the 2% mark. The EU-harmonised reading is seen steady at 2.4% in April though. But all in all, the numbers here won't do anything to derail the ECB from a June rate cut.

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